Economics - 2016
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The International Agency Moody`s downgraded the Azerbaijani economy. The agency revised its June forecast, and downgraded the real GDP growth from 1% to 0% in 2017. In 2016, the agency predicte...
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JSC NBC Bank opened the semi-annual financial report (https://goo.gl/dEuIWk), according to which, on revenue of 10.4 million AZN, net profit of the bank amounted to 2 million 838.3 thousand AZN. O...
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The Azerbaijani commercial banks established the dollar rate at around 1.6 AZN per $ 1 on July 25. Azerbaijan Central Bank has set the course 1.5724 AZN per $ 1. Commercial banks sell the dollar n...
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Deka Bank OJSC will continue its activities as a non-bank credit organization (NBCO) after the Financial Markets Control House (FMCH) canceled its license last week. The Chairman of the bank’s Board I...
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The Management Board of Para Bank has convened an emergency general meeting of the shareholders. The shareholders will discuss the issue of the continuation of the activities of the legal entity as a...
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VTB Bank (Azerbaijan) offers customers cash management services in the Chinese currency - the yuan. As the bank's press service said, customers can open accounts and make transfers in the yuan. No...
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JSC Azerbaijan Airlines (AZAL) and the Russian airline Ural Airlines from 31 July will begin implementation of joint flights on the route Moscow-Gabala-Moscow. According to the agreement on the jo...
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Until now State Oil Fund of Azerbaijan (SOFAZ) spent $844 million to fund the republic’s share in construction of Star oil refinery in Turkey. SOFAZ reported that out of total cost of the proje...
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During 6 months, 2016 chemical plants of Azerbaijan reduced production by 16.1% against the same period in 2015. According to the Azerbaijan State Statistical Committee, during 6 months the pla...



